In Q4 2016, equity financings into China-based companies raised more than $7 billion across 464 deals, according to the Dow Jones Venture Capital Report.
Compared to 3Q 2016, the capital raised climbed by 1%, while the number of deals decreased by 4%.
Compared with the same period last year, both dollars invested and the number of deals went down, 33% and 16% respectively.
Consumer Services companies remained the strongest sector during 4Q 2016. It attracted $2.5 billion via 194 deals. Compared to last quarter, amount raised is down by 10% while the number of deals dropped by 6%. The sector attracted a 33% share of total deals invested for the quarter.
Business and Financial Services ranked second. The sector garnered $2.3 billion across 122 deals, a 6% increase in dollars raised and a 5% increase in deal flow compared to the prior quarter.
Information Technology placed third, receiving nearly $1.9 billion across 96 deals. Sector investment climbed from 3Q 2016 by 7%, while the number of deals increased by 1%.